Business

Zemen Bank Reports 15% Rise in After-Tax Profit to ETB 6.75 Billion

AI SUMMARY

Zemen Bank announced a 15% increase in its after-tax profit to ETB 6.75 billion for the 2025/26 financial year.

Zemen Bank reported a 15% increase in profit after tax to ETB 6.75 billion for the 2025/26 financial year.
Board Chairman Ermias Eshetu shared the financial statement.
Profit before tax reached ETB 9.3 billion, representing a 13% increase from the previous year.
Foreign exchange gains declined by 39% as the market normalized, though the quality of earnings improved.
Total operating income rose 17% to ETB 14.2 billion.
Total comprehensive income increased 17% to ETB 6.87 billion.
Earnings per share stood at ETB 539, down from ETB 683 in the previous year due to an enlarged capital base.
The capital base was strengthened in anticipation of new regulatory capital requirements.
Results reflect stronger core banking performance within a competitive sector.